Memorial Day weekend kicks off the annual summer driving season, but like a bad movie we have watched several times before, this holiday weekend is waiting to greet us with higher gasoline prices.
National average gasoline prices today are bumping up against $3 per gallon and could hit $4 per gallon on the West Coast. At the same time, West Texas Intermediate crude oil is now $70 per barrel, up from less than $30 per barrel.
Higher oil prices might be good for Texas oil companies, but if they spike too high too fast, they can be hard for the industry […]
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